Mzansi Crypto

🚨 BREAKING NEWS:

HASHDEX HAS BEEN GRANTED APPROVAL FROM THE BRAZILIAN SEC TO LAUNCH THE WORLD’S FIRST $XRP SPOT ETF IN BRAZIL!

Wen US SEC? 👀 👀

One thing about Risk markets:

They love & believe in Donald Trump, no matter the short-term data!

One more thing:

Altcoin ETFs are coming! 🚀 🚀 🍿 🍿

$BTC $ETH $XRP $AAVE $SOL

#WAGMI #MzansiCrypto

REBALANCING & RESTRUCTURING ANNOUNCEMENT

Yesterday we had our scheduled rebalancing:

We dumped $CKB and $MKR.

We also closed our $USDT.

We added $UNI and $ADA in our portfolio. We now hold 22 assets with $XRP and $AAVE continuing to lead in terms of allocation percentage.

Breaking news:

US CPI: 0.5% m/m (3.0% y/y) vs. 0.3% (2.9%) eyed

Core CPI: 0.4% m/m (3.3% y/y) vs. 0.3% (3.1%) expected

This pushes rate cut expectations further out, which risk assets like Crypto and Stocks don't like ⚠️⚠️

$BTC $ETH $XRP $AAVE

YESTERDAY'S EMERGENCY RESTRUCTURING EXPLAINED:

Yesterday we decided to dump $RUNE for $USDT due to the risks it faced because of it's lending services which became insolvent as the price of rune greatly underperformed the assets in the lending service.

This situation created a lot of confusion on social media and led to panic selling, as people feared that we'd see another Terra Luna type of crash. With our mandate being to act swiftly on verifiable threats to protect investor funds, we cut our losses on it which were just over 3% of the total portfolio.

It's worth mentioning that we still greatly believe in the $RUNE protocol which continues to function properly (swaps, LP, deposits & withdrawals) and it continues to be 1 of the most profitable protocols in the Blockchain space. We however understand that token price action is driven by market confidence.

Once (if) the team resolves the debts from the lending services and confidence returns with them giving us a solid way forward within the 90 days they've committed to, we'll likely add it back into our portfolio.

For now, we have just under 3% of capital waiting to be deployed into another project on our next restructuring & rebalancing which should be soon.

Thank you for your continued support, we shall continue to protect this portfolio while harvesting fruitful profits for you. #MzansiCrypto